KRAKacquisition Corp (NASDAQ:KRAQ) Stock Short Interest Jumps 1,134.0%

KRAKacquisition Corp (NASDAQ:KRAQ – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 13,031 shares, a growth of 1,134.0% from the August 31st total of 1,056 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 30,377 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised KRAKacquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, KRAKacquisition presently has an average rating of “Sell”.

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KRAKacquisition Stock Performance

NASDAQ KRAQ traded down $0.00 during trading hours on Friday, hitting $10.02. The company’s stock had a trading volume of 2,016 shares, compared to its average volume of 53,518. KRAKacquisition has a 12 month low of $9.78 and a 12 month high of $10.44. The stock has a 50 day moving average price of $10.01. The company has a market capitalization of $375.60 million and a P/E ratio of 143.09.

KRAKacquisition Company Profile

(Get Free Report)

KRAKacquisition Corp. is a special purpose acquisition company, or SPAC, listed on the Nasdaq under the symbol KRAQ. The company was formed to pursue a business combination, such as a merger, acquisition, stock purchase, or similar transaction, with one or more operating businesses.

Unlike an operating company, KRAKacquisition does not currently appear to offer products or services of its own. Its principal activity is identifying and completing a transaction with a target company, after which the combined business may operate as a publicly traded company.

Specific information about KRAKacquisition’s target industry, geographic focus, completed transactions, and leadership is limited in publicly available sources.

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